Lazard exits D&B Australia, seeing 3x profit on initial investment
The Australian private equity arm of financial advisory firm Lazard Ltd. has fully exited credit-reporting and debt-collecting business Dun & Bradstreet Australia, selling the business to a subsidiary of the D&B Corp. for A$233 million ($209 million) – a transaction that reportedly earns Lazard a A$100 million ($91 million) profit.
Its sale follows Lazard's decision not to take the company public, a trend as other PE firms this year have also skirted the public markets in favor of alternative exit means. Disappointing debuts from...
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.